Luxury Valley Homes Arizona Real Estate Blog: Arizona: Cave Creek

Cave Creek Real Estate 85331 Market Trends

Cave Creek Real Estate 85331Cave Creek Real Estate 85331 Market Trends

Located high above Phoenix, Cave Creek, Arizona has accomplished the task of maintaining the old west charm despite the growth in the metropolitan Phoenix area. Cave Creek real estate 85331 is an affluent (median household income: $78,245) rural zip code in Cave Creek, Arizona. The population is primarily white, and mostly married couples. At $244,200 the average home value here is a bit higher than average for the Phoenix-Mesa-metro area.

The median age here is 39.4. There are 11,867 men and 11,936 women. The median age for men is 39.2 while for women the median age is 39.6.

85331 Zip code is located in the Phoenix Mountain time zone where daylight saving time is not used.

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Cave Creek Real Estate 85331 Price Trends - Sold vs. Listed

Cave Creek Real Estate 85331 Price Trends - Sold vs. Listed

The median list price in December for single family homes in Cave Creek is $495,000. The list prices dropped by-0.8% from the previous month.

The price per square foot for listings in this area is $194.

The median sale price in August for single family homes is $267,500. The sale prices dropped by -19.54% from the previous month.

Cave Creek Real Estate Market Inventory Trends

Cave Creek Real Estate 85331 Market Inventory Trends

The number of active listings in Cave Creek increased by 13.2% from the previous month.

The median number of days active properties have been listed is 50. This is significantly shorter than the national average.

The number of sales in August dropped by 69.6% from the previous month.

Property Ownership

Cave Creek Real Estate 85331 Property Ownership

The percent of owner occupied properties in Cave Creek is 12.85%above the national average.

Cave Creek Real Estate Statistics for Single Family Homes and Condos 85331

While Scottsdale and Phoenix are made known for its world class resort, golf and spa, Cave Creek real estate 85331 has become as one of the most recognized Western towns in the US.

Come and be a part of this wonderful city of Cave Creek. If you need a detailed information about Cave Creek, email or contact the Luxury Valley Homes team at 480-595-6412. We can help you find a house that you can call home.

Comment balloon 2 commentsJane & Jeff Daley, PhD • December 13 2012 10:26AM
Cave Creek Real Estate 85331 Market Trends
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Cave Creek Real Estate 85331 Market Trends Located high above Phoenix, Cave Creek, Arizona has accomplished the task of maintaining the old west charm despite the growth in the metropolitan Phoenix area. Cave Creek real estate 85331 is an… more